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The intelligent enterprise is key to Hong Kong’s economic future

SCMP LogoSCMP1 mo ago

The intelligent enterprise is key to Hong Kong’s economic future

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Sponsored Article]  Apparel leader Crystal is transforming to improve productivity and efficiency and boost revenue, providing a blueprint for firms in other traditional industries  With the aim to revitalize the Hong Kong economy, the Hong Kong SAR Government is advocating the greater use of innovative technologies, artificial intelligence (AI) and Industry 4.0 production processes to streamline manufacturing and develop high value-added industries.  The upgrading of traditional sectors, such as textiles and apparel, is an important part of this strategy and yet receives less attention than the development of new high-end manufacturing industries.   "Hong Kong remains a leading production centre for the clothing industry and a global hub for sourcing apparel for international markets.

But the industry is in a whirlwind of transformation, where success is defined by digital readiness, operational efficiency and cost-effectiveness,” says Rajni Sharma, Managing Director of SAP Hong Kong.  "Apparel manufacturers and trading companies are confronting a multitude of challenges today, from cost escalation and ever-shorter delivery timelines to stricter environmental regulations and the need for greater product customization and value-add.

A global leader in apparel manufacturing, Hong Kong-headquartered Crystal has 20 factories in five countries, including the mainland, and employs around 70,000 people.


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Article Details

Author / Journalist: Advertising partner

Category: Economy

Topics: Ting Corporate Services General Crystal (right) Information (left) Karl Manager Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 00:00:28

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Reading Time: 1 minutes read

Article Length: 38 words

Coverage Area: Hong Kong

Availability: Desktop Web, Mobile Web

News ID: 20765

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Main Topics: Economy

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 7h ago

Coverage Areas: Hong Kong

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Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #42

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